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Byrne Hobart: Why Airline Loyalty Programs Are Really Just FinTech Companies

"World of DaaS"

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Introduction

Burn hobart is the author of diff, a substack news letter covering inflection points in finance and technology. He says airline loyalty programs have a higher valuation than the airlines themselves. Burn: "The entire business of actually flying people really fast from place to place ... that actually has negative value"

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